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Buyer’s guide to car salary sacrifice schemes

Employee Benefits

Car salary sacrifice arrangements remain a popular employee benefit; in its January 2023 Leasing Outlook , the British Vehicle Rental and Leasing Association (BVRLA) found a 20.5% year-on-year increase in company cars funded through salary sacrifice to quarter three in 2022. What are car salary sacrifice schemes?

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Michelin guarantees global living wage and enhances parental and healthcare benefits

Employee Benefits

Credit: ricochet64 / Shutterstock.com Tyre manufacturing organisation Michelin is to guarantee a living wage for its more than 100,000 global employees, as well as enhancing parental and healthcare benefits. This means, that at Michelin, we care about giving people a better way forward.”

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3 Surprising Benefits Of A Salary Sacrifice Scheme

Employee Benefits

The headline employee benefit in signing up for a salary sacrifice scheme is the potential for tax and national insurance savings, if you have the option of sacrificing a portion of your salary in return for pension contributions, ultra-low-emission vehicles, cycle-to-work schemes or employer-supported childcare.

Salary 52
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Why It Makes Financial Sense For Your Business To Choose A Salary Sacrifice Car Scheme

Employee Benefits

The salary sacrifice car scheme offered by Pink Salary Exchange offers great benefits for both the employee and the employer. But in a financial sense, what benefits can the business expect? This provides a real cash benefit in terms of reduced tax and national insurance payments. Fleet Costs.

Salary 52
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The top 10 most-read articles between 13 – 19 October 2023

Employee Benefits

pay rise The post The top 10 most-read articles between 13 – 19 October 2023 appeared first on Employee Benefits. pay rise The post The top 10 most-read articles between 13 – 19 October 2023 appeared first on Employee Benefits. The top 10 most-read articles on employeebenefits.co.uk

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Department for Education to offer teachers up to £6,000 incentive

Employee Benefits

The expansion to teachers working in further education, early years, building and construction, digital, engineering, manufacturing and transport engineering and electronics will see the existing levelling up premium payments doubled.

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Employers must act to offer more choices to people

Workplace Insight

Lone Rangers (14 percent) are focused on salary and location. They are motivated by high salaries and the opportunity to work remotely. This segment has a male majority (57 percent), with a substantial amount (17 percent) working in manufacturing. These workers highly value employee benefits.